DIC Asset, the real estate investor listed on the Frankfurt stock exchange, has purchased a portfolio of 51 properties from Landesbank Berlin (LBB) for a total investment of EUR 147 mln. Morgan Stanley Real Estate Funds (MSREF) is DIC' Asset's financial partner in the deal and is paying 50% of the transaction cost.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
